$ZEC This round’s most important thing isn’t that it’s rising to 800.
It’s that Wall Street can finally buy.
Before, ZEC surged from below $600 all the way to nearly $880, followed by a pullback of about 10%. But I think what truly changes the valuation logic for this round is, in fact, the official launch of ZCSH.
Grayscale’s Zcash ETF has already started trading on NYSE Arca. It currently holds about 393,000 ZEC at the highest point, worth over $260 million.
One of the biggest limitations of privacy coins used to be that traditional capital couldn’t easily participate directly.
Now that entry has been opened.
For the short term, ZEC will still likely keep shaking out. Especially since the open interest in the futures market once approached $1.8 billion, meaning leverage isn’t low.
But as long as this pullback doesn’t break the trend, my view hasn’t changed.
First, break back above 880, then look at 1000. I’m still ultimately waiting for $1,100.
$BTC
It’s that Wall Street can finally buy.
Before, ZEC surged from below $600 all the way to nearly $880, followed by a pullback of about 10%. But I think what truly changes the valuation logic for this round is, in fact, the official launch of ZCSH.
Grayscale’s Zcash ETF has already started trading on NYSE Arca. It currently holds about 393,000 ZEC at the highest point, worth over $260 million.
One of the biggest limitations of privacy coins used to be that traditional capital couldn’t easily participate directly.
Now that entry has been opened.
For the short term, ZEC will still likely keep shaking out. Especially since the open interest in the futures market once approached $1.8 billion, meaning leverage isn’t low.
But as long as this pullback doesn’t break the trend, my view hasn’t changed.
First, break back above 880, then look at 1000. I’m still ultimately waiting for $1,100.
$BTC